Colgate-Palmolive Company (NYSE:CL) has tumbled 0.94% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 2.03% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.25% and the outperformance has advanced to 1.1% for the last 4 weeks period.
Colgate-Palmolive Company (NYSE:CL): The stock opened at $71.87 on Friday but the bulls could not build on the opening and the stock topped out at $72.08 for the day. The stock traded down to $70.97 during the day, due to lack of any buying support eventually closed down at $71.44 with a loss of -0.78% for the day. The stock had closed at $72.00 on the previous day. The total traded volume was 4,064,431 shares.
The company shares have rallied 6.79% from its 1 Year high price. On May 12, 2016, the shares registered one year high at $72.72 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $71.43 and the 200 Day Moving Average price is recorded at $68.34.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Verduin Patricia, officer (Chief Technology Officer) of Colgate Palmolive Co, had unloaded 3,666 shares at an average price of $72.19 in a transaction dated on June 15, 2016. The total value of the transaction was worth $264,649.
Many analysts have stated their opinion on the company shares. Goldman Sachs upgrades its view on Colgate-Palmolive Company (NYSE:CL) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Earlier, the shares had a rating of Sell. Goldman Sachs raises the price target from $62 per share to $75 per share on Colgate-Palmolive Company. The rating by the firm was issued on May 2, 2016. Currently the company Insiders own 1.05% of Colgate-Palmolive Company shares according to the proxy statements. Institutional Investors own 75.37% of Colgate-Palmolive Company shares. During last six month period, the net percent change held by insiders has seen a change of -7.65%.
Colgate-Palmolive Company (Colgate) is a consumer products company, whose products are marketed in more than 200 countries and territories throughout the world. The Company operates in two product segments: Oral, Personal and Home Care, and Pet Nutrition. The Oral, Personal and Home Care product segment is operated through five geographic segments: North America, Latin America, Europe/South Pacific, Asia and Africa/Eurasia. The Companys oral care products include Colgate Total; Colgate Sensitive Pro-Relief; Colgate Max Fresh; Colgate Optic White and Colgate Luminous White toothpastes, among others. The Company sells its personal care products under the Palmolive, Protex and Softsoap brands. The Company, through its Hills Pet Nutrition segment (Hills), manufactures pet nutrition products for dogs and cats.